BAKU, Azerbaijan, March 14. More than 3.5 million manat will be invested by a newly registered resident of Hajigabul Industrial Park, the Economic Zones Development Agency, under the Ministry of Economy told Trend.
The agency revealed that the company "Bərəkət-İ" LLC has been granted resident status at Hacıqabul Industrial Park.
"The company plans to implement a construction and production project for insulation products, which will be used in the automotive industry. The facility will utilize advanced technologies from South Korea and is expected to produce 4.1 million square meters of insulation products annually.
The project, with an investment value exceeding 3.5 million manat ($2 million), aims to create 13 new jobs.
The facility is set to begin operations in 2026, with plans to sell its products both domestically and internationally," the agency said.
